leasing costs

[Mikebike97]

Can someone in the forum explain to me why a R1T dual motor listed at $86,600 has a lease of $842 monthly (for 3 years) and a Quad listed for $87,000 has a lease cost of $792 per month?
Thank you

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[jjswan33]

Different money factor (interest rate)

 

[Mikebike97]

What is also not clear to me, is based on the rivian Leasing statement, the vehicle must be a quad and have a minimum price of 95,800>
From the Rivian website:
"Very well qualified lessees who take delivery on or before 1/8/2024 can lease a new Rivian R1T Adventure Package for 36 months with 30,000 total miles. Vehicle pricing before dealer options must total $95,800 comprised of the following vehicle selections: Quad Motor AWD, large battery pack, 21” wheels ($87,000) + premium paint ($2,500) + premium interior ($2,000) + premium wheel ($2,500) + destination fee ($1,800)."

 

[DuoRivians]

What is also not clear to me, is based on the rivian Leasing statement, the vehicle must be a quad and have a minimum price of 95,800>
From the Rivian website:
"Very well qualified lessees who take delivery on or before 1/8/2024 can lease a new Rivian R1T Adventure Package for 36 months with 30,000 total miles. Vehicle pricing before dealer options must total $95,800 comprised of the following vehicle selections: Quad Motor AWD, large battery pack, 21” wheels ($87,000) + premium paint ($2,500) + premium interior ($2,000) + premium wheel ($2,500) + destination fee ($1,800)."

You can lease any R1T in the shop. That language doesn’t limit any vehicle you can choose. You can select any vehicle and then play around with its leasing configurations.

 

[Mikebike97]

Thanks for the clarification
I guess I am reading the terms very differently.
The statement says “must” total 95,800 with details of the specific equipment.

 

[240vPlug]

The cost of a lease is determined by a couple factors.

Mainly it's the difference between the sales price and the residual at the end of the lease.

The money factor also plays into it.

Lastly the payment is reduce of course if there is any cap cost reduction such as a down payment or dealer incentive.

My guess would be quad has slightly higher residual. They could also be offering a lower MF as stated above to move units quicker.

You can ask Rivian but most likely would need to see lease agreement to find out the details.

 

[jnaveenk]

It also depends on down payment that you would put in towards the lease. I got my R1T on a lease couple of weeks back, one thing I will tell you is that the guide and Rivian customer service from their financial desk are super slow to respond and are not yet very well informed of the leasing process. Feel free to ask any questions.

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